2,859 Marathon Petroleum Corporation $MPC Shares Sold by Kingswood Wealth Advisors LLC

Key Points

• Kingswood Wealth Advisors reduced its Marathon Petroleum stake by 22%, selling 2,859 shares and retaining 10,125 shares valued at approximately $4.0 million.
• Institutional ownership remains high at 76.77%, with several major firms—including BlackRock, Bank of New York Mellon, and Bank of America—reporting new positions in MPC.
• Marathon Petroleum reported stronger-than-expected quarterly results, while favorable refining margins and positive analyst sentiment supported the stock; analysts’ consensus rating was “Moderate Buy”.

Kingswood Wealth Advisors LLC cut its holdings in Marathon Petroleum Corporation (NYSE:MPC - Free Report) by 22.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,125 shares of the oil and gas company's stock after selling 2,859 shares during the period. Kingswood Wealth Advisors LLC's holdings in Marathon Petroleum were worth $4,004,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in MPC. BlackRock Inc. bought a new stake in Marathon Petroleum during the 2nd quarter valued at approximately $6,648,958,000. Bank of New York Mellon Corp acquired a new stake in Marathon Petroleum in the 2nd quarter valued at approximately $1,029,611,000. Bank of America Corp DE acquired a new stake in Marathon Petroleum in the 2nd quarter valued at approximately $621,832,000. Legal & General Group Plc bought a new position in Marathon Petroleum in the 2nd quarter worth approximately $380,745,000. Finally, Deutsche Bank AG bought a new position in Marathon Petroleum in the 2nd quarter worth approximately $280,761,000. Institutional investors and hedge funds own 76.77% of the company's stock.

Marathon Petroleum News Roundup

Here are the key news stories impacting Marathon Petroleum this week:

• Positive Sentiment: Marathon Petroleum is heading into earnings with strong refining margins, raising expectations that the company could deliver solid results and maintain favorable near-term earnings momentum. Marathon Petroleum Rides Firm Refining Margins Into Earnings
• Positive Sentiment: Raymond James raised its price target for MPC to $560, signaling increased confidence in the refiner’s earnings outlook and potential upside. Raymond James Raises Target for Marathon Petroleum
• Positive Sentiment: A Zacks article identifies Marathon Petroleum as a No. 1 Strong Buy, adding to the positive analyst and quantitative sentiment surrounding the stock. This Top Oils and Energy Stock Is a No. 1 Strong Buy
• Positive Sentiment: High U.S. gasoline prices, thin fuel stockpiles and disrupted shipping routes are improving the operating environment for refiners, potentially supporting MPC’s margins and cash generation. Three Oil Stocks Retail Investors Are Watching
• Neutral Sentiment: Industry commentary on Phillips 66’s crude flexibility reinforces the importance of feedstock discounts and crude spreads to refining profitability, although the article does not provide a direct new catalyst for MPC. How PSX’s Flexible Crude Slate Supports Refining Economics
• Negative Sentiment: ETFs were reported as net sellers of Marathon Petroleum shares, creating modest technical or near-term supply pressure despite the broader favorable fundamental narrative. ETFs Are Net Sellers of Marathon Petroleum

Marathon Petroleum Trading Up 2.8%

Shares of Marathon Petroleum stock opened at $470.02 on Tuesday. Marathon Petroleum Corporation has a 52-week low of $161.93 and a 52-week high of $493.98. The firm has a market capitalization of $137.22 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 0.12 and a beta of 0.54. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.25 and a quick ratio of 0.89. The company's fifty day moving average price is $409.37 and its two-hundred day moving average price is $283.02.

Marathon Petroleum (NYSE:MPC - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $17.73 EPS for the quarter, topping analysts' consensus estimates of $14.27 by $3.46. Marathon Petroleum had a net margin of 5.48% and a return on equity of 31.96%. The company had revenue of $51.99 billion during the quarter, compared to the consensus estimate of $40.87 billion. During the same period last year, the firm earned $3.96 EPS. The firm's revenue for the quarter was up 53.5% compared to the same quarter last year. On average, analysts expect that Marathon Petroleum Corporation will post 64.12 EPS for the current year.

Marathon Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 19th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Wednesday, August 19th. Marathon Petroleum's dividend payout ratio is 13.75%.

Analyst Ratings Changes

Several research firms have recently weighed in on MPC. Evercore set a $330.00 price objective on Marathon Petroleum in a research report on Wednesday, August 5th. Bank of America boosted their target price on shares of Marathon Petroleum from $410.00 to $426.00 and gave the stock a "neutral" rating in a research report on Friday, October 2nd. UBS Group set a $510.00 target price on shares of Marathon Petroleum in a research report on Friday, October 9th. Piper Sandler upped their target price on shares of Marathon Petroleum from $344.00 to $462.00 and gave the company an "overweight" rating in a research note on Thursday, September 3rd. Finally, The Goldman Sachs Group increased their price target on shares of Marathon Petroleum from $376.00 to $472.00 and gave the company a "buy" rating in a report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Marathon Petroleum presently has a consensus rating of "Moderate Buy" and a consensus price target of $424.31.

Insider Buying and Selling

In other Marathon Petroleum news, insider Molly Benson sold 17,196 shares of the firm's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $358.57, for a total transaction of $6,165,969.72. Following the completion of the transaction, the insider owned 30,334 shares in the company, valued at $10,876,862.38. This trade represents a 36.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Shawn Lyon sold 2,500 shares of Marathon Petroleum stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $350.00, for a total value of $875,000.00. Following the sale, the senior vice president directly owned 12,619 shares in the company, valued at $4,416,650. The trade was a 16.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 21,691 shares of company stock valued at $7,780,127 over the last quarter. Corporate insiders own 0.17% of the company's stock.

About Marathon Petroleum

Marathon Petroleum Corporation NYSE: MPC is an American downstream energy company engaged in refining, marketing, and transporting petroleum products. Its operations include converting crude oil into gasoline, diesel, jet fuel, asphalt, propane, and other refined products used by transportation, industrial, and commercial customers.

The company markets fuel under the Marathon brand and supplies products to independent marketers, commercial businesses, and other wholesale customers. Marathon Petroleum also owns a general-partner interest and significant limited-partner interest in MPLX Inc, a midstream company that operates pipelines, storage facilities, terminals, and gathering and processing assets supporting the movement of crude oil and natural gas liquids.

Marathon Petroleum's refining and midstream activities are concentrated in the United States, with assets serving regions across the Midwest, Gulf Coast, and West Coast.

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